Thursday, 10 January 2019

Australia’s Housing-Sector Slump Shows Up in Another Sickly Set of Data

Best Asia Real Estate Editors Comments: A year and 1/2 ago even before prices started falling I warned investors in my seminars, newsletters and blogs that Australia real estate was going to fall in most areas for the first time in decades.

Dear Lawrence with wife and son in Perth for Hopman cup January 2019

At the time nobody believed me. As can be seen below the "Housing-Sector Slump Shows Up in Another Sickly Set of Data"

Now there asking me how much is going to fall? Unfortunately my answer is a lot. Whatever happened last year is going to be 150% to 200% worse this year.

In fact after visiting Sydney in July and Perth in January a few weeks ago I am more convinced than ever that even Perth which I was on the fence about is also heading down. Too much supply to few buyers and mediocre if not poor economy.

See more about my predictions and my seminars coming up below this article.

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Australia’s Housing-Sector Slump Shows Up in Another Sickly Set of Data

Australia’s construction activity has slowed to the weakest in five-and-a-half years as tighter lending conditions and falling prices weigh on the nation’s housing market.

The Australian Industry Group Performance of Construction Index fell 1.9 points to 42.6 in December, the lowest since June 2013 as the sector shrank for a fourth straight month. A reading below 50 indicates contraction.

Key Insights

Apartment building was the weakest performing sector, falling for a ninth straight month and at the sharpest rate since mid-2012. Such projects were favored by investors in the five-year boom that peaked last year, but demand has fallen off amid tighter lending restrictions.

All four sectors of the gauge -- house building, apartments, commercial and engineering -- contracted in December, with declines in house and apartment activity the most marked in six years. That could weigh on fourth-quarter gross domestic product and jobs data, with construction accounting for about 10 percent of both indicators.

The Reserve Bank of Australia is closely watching construction activity, last month noting that the outstanding pipeline remained large and investment robust. Still, the rapid pace of Sydney house-price falls and worsening related indicators will likely prompt some commentary in its next interest-rate decision in February.

Get More

The downturn in Sydney’s property market is set to deepen as tighter lending standards and the worst slump in values since the late 1980s cause nervous buyers to sit on the sidelines

Apartment approvals fell the most in a decade in November in another sign of investors pulling back

__________________________________________Attendees at free Bali seminars avoided real estate crashes around the world and profited from new Bali Real Estate upturn.

At my free seminars since 2017 I made several radical predictions about the world real estate markets and especially Bali.

I predicted that many real estate markets around the world were going to crash including Singapore, Melbourne, Sydney, Brisbane, Auckland, and even Vancouver, Toronto, and Montréal.

Most attendees did not believe my predictions.As can be seen in this article that just came out those predictions have come true.

Probably one of the most profound predictions he made at the seminars was that "Bali real estate was the second best time to buy this century"

"Bali real estate is the second best time to buy this century"

After a four-year down turn in Bali real estate, the first one in modern history, with prices sliding 20% to 50% he was the first real estate expert in Bali to go public and state “this was the time to buy”.

Understandably most seminar attendees the last 12 to 18 months couldn’t believe that the Bali market downturn was over.

Now anybody that is in tune with the market is aware that these predictions have come true as well.

As Bellefontaine cites just the last couple of months when he was personally trying to buy some property for large a development, he found that prices had increased 10% to 20% over the beginning of the year and that supply was drying up, meaning furthermore dramatic increases in the future.

He even made a prediction exactly one year ago that bitcoin was about to crash and told everybody to get out when it was around $20,000 per coin now it’s around $3,975.

Of course, all that is history and the profit you could’ve made is gone.

For 2019 he believes that prices will drop even faster in the markets that are negative now around the world and go up faster in Bali where it’s just started.

Earn More in 2019:

So, if you want to make more in 2019 and beyond, we highly recommend you attend his forthcoming free seminars January 17th. or 19th.

Seating is very limited, so we suggest that you book your free reservation now to avoid disappointment.

Here are the details.

Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.

Best Asia Real Estate

Testimonial

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2018 Testimonials from Villa guests

Our 2018 Guests Testimonials Speak for Themselves

January 2018

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Mrs. C. G. Australian, 14th January 2018.

We have had a fabulous 3 weeks staying at Emeralds Villas where the staff from villa cleaning, maintenance and restaurant staff have been fantastic, no request has been to much and provided with a smile”.

Mr. T. S. Australian, 14th January 2018.

“This was our first visit this year. We have had another great stay. Staff are lovely & nothing is too much. We will be back. Location is great & our villa has been lovely”.

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Disclaimer

Disclaimer: All information presented above is considered true and reliable to the best of our knowledge at the time that it was produced. Information and prices may change without notice. The owners of PT. BALI AFFORDABLE LIFESTYLES INTERNATIONAL and PT. BALI LUXURY VILLAS accept no responsibility for incorrect information listed herein. All recommendations may lose value in the future due to economic, political influences or any other reason